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US CPI is the big data release today........>

US DATA
US DATA: US CPI is the big data release today. Previewing the number, Jan
Hatzius at Goldman Sachs expects 0.2%M/M for the core and +0.36% for the
headline but with two special factors "rebound in hotel prices and a price
increase by Verizon account for about 0.05pp of our core forecast".
- Looking further ahead "we expect core PCE to round to 1.5% by October, the
last core PCE report before the December FOMC meeting, and to reach 1.6% by
end-2017 and 1.9% by end-2018."

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